Charting Stocks

We’ve written about the relationship between US equities and the US dollar. Stocks bottomed in March and began to move up as the US Dollar topped during the same time and began to move down. Todays market selloff came as an oversold dollar (short term) found buyers.
If the dollar continues this advance, US equities should [...]

Much has been made over the recent stock market rally. The advance from the bottom has, indeed, been historic and has caught many of us by surprise. Though the market was extremely oversold and due for an upward correction, we continue to be  amazed at its strength and longevity.  A closer examination, however, reveals that [...]

Last week we mentioned that the spring rally had reached completion.The major averages were coming up against major resistance at a time when an oversold rally was losing momentum. Admittedly, our call was a couple of days early but today looks like a key reversal day. If the selling continues into tomorrows close, last week [...]

The once over-sold stock market has rallied for the past couple of weeks. This rally, though fresh in all of our minds, is not much different in time, or magnitude, than the previous upward corrections throughout this bear market.

In this 2006 interview with Jim Cramer, the Mad Money host admits to market manipulation while running his hedge fund. He calls it “a fun game, and it’s a lucrative game,” while suggesting that other hedge fund managers should do the same. He goes on to say that “No one else in the world would [...]

Must See Video!

I’m sure that the chart below  comes as no surprise. Each of the major industry groups are down for the year. Banks and brokers are down 49% and 20.50% respectively.

The following chart contains the same industry groups as the previous but instead of plotting absolute performance, we focus on relative performance (Each industry group relative [...]

Futures for the Dow Jones Industrial Average are down sharply indicating an opening of 6,918, the lowest level in 12 years.
News of a massive loss from AIG, and the  announcement that  HSBC  will pull out of the US consumer lending business is weighing in on the market. HSBC reported a 70% drop in profits [...]

The oracle of Omaha, Warren Buffet, sold half of his stake in Johnson & Johnson (JNJ).
Mr. Buffett’s Berkshire Hathaway has just reported its holdings as of December 31 2008. The company slashed its position in JNJ to 28.6 million shares down from 61.8 million the previous quarter (a 54% reduction). Johnson & Johnson peaked in [...]

The Russian stock market collapsed today, causing the RTS and the Micex stock exchanges to suspend trading for one hour at 4:05 p.m. Moscow time.  The RTS stock index, which is denominated in US dollar,  plunged 9.4%, while the ruble-denominated Micex stock index fell 9.6%. The decline in Russia followed a tumble in oil prices, [...]